Message To Inflation Hawks: QE3 Was Open Ended And Gave Fed Flexibility To Act Based On Economic Developments

Those concerned that the Fed may not act in time to avert hyperinflation may not have noticed the escape hatch Fed Chief Ben Bernanke created for himself in the process of multiple quantitative easings.

QE3 had no specific end-date. It is open-ended, giving the Fed leeway to adjust the pace of bond-buying as dictated by economic development.